INFLATION in Jamaica edged up in August as higher costs for food and the increase in the national minimum wage were enough to outweigh the gains for consumers from lower petrol prices. Inflation…
Category: Business & Economy
FSC leak
Hacked files dumped on dark web SEVERAL financial professionals are expressing concern following the revelation that some of the files stolen from the Financial Services Commission’ (FSC) systems have begun to appear on…
No to local potatoes, says fast food operator
Restaurant Associates Limited Chairman Richard Lake, who operates the Burger King and Popeyes franchises, says while the fast-food or quick-service restaurant chains generally support the Jamaican economy, he has ruled out doing business…
Brand Jamaica rum rumble pushed back, JIPO to referee dispute
The legal fight between National Rums of Jamaica, NRJ, and the Spirits Pool Association on the limits of what can be called Jamaica rum will now see parties face off before year end…
No to local potatoes
Restaurant Associates Limited Chairman Richard Lake, who operates the Burger King and Popeyes franchises, says while the fast-food or quick-service restaurant chains generally support the Jamaican economy, he has ruled out doing business…
More gains to come from SP ratings upgrade
Stakeholders in the private sector are calling on the Government of Jamaica to communicate and act swiftly to allocate the gains from the country’s macroeconomic programme, which resulted in the highest credit rating…
GiftMe goes after diaspora market with Ding partnership
E-Gifting company GiftMe, in joining forces with international mobile top-up platform Ding, said it is looking to tap into the diaspora market as both entities partner to fulfil the need for ‘purposeful remittance’…
Indies Pharma benefits from ‘loyalty and trust’
A strong pipeline of products; customer loyalty and trust; and cost control and efficiency are the main factors responsible for a strong financial showing from Junior Market-listed pharmaceutical company Indies Pharma. This is…
Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production
Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production. Six companies and groups submitted bids for the…
Gas prices up $2.87, diesel up $4.50
The state-owned oil refinery, Petrojam, has announced increases in the prices of all its products, effective Thursday. E-10 87 is to move up by $2.87 to sell for $191.07 per litre and a litre of…